.png)
The 2024 U.S. Presidential Election is fast approaching, and dYdX is giving traders a brand-new way to engage with one of the most highly anticipated political events of the year. Introducing the Trump Prediction Market Perpetual, a unique opportunity for users to trade on Donald Trump’s chances of winning the November election—with advanced tools that bring flexibility and risk management to the forefront.
This market was permissionlessly added to dYdX through a governance vote passed by the dYdX community, marking an exciting expansion of perpetual markets that combine the power of event-driven outcomes with decentralized and self-custodial trading.
What Are Prediction Markets Perpetuals?
Prediction market perpetuals allow traders to gain exposure to the outcome of real-world events, such as elections, sports, or cultural events, in a capital-efficient way.
In the case of the Trump Prediction Market Perpetual, the key question is simple: Will Trump win the U.S. Presidential Election on November 5th? The market price dynamically reflects the perceived odds of his victory. If Trump wins, the market is expected to settle at $1; if he loses, it is expected to drop to $0.00001. This pricing mechanism allows traders to go long if they believe in a Trump win or short if they anticipate his loss.
Why Trade on dYdX’s Trump Prediction Market Perpetual?
Other markets make you guess; dYdX lets you strategize. Traders on dYdX can now leverage their insights into the U.S. election with a range of powerful tools. Here’s why the Trump Prediction Market Perp on dYdX stands out:
- Perpetual Leverage Trading: Take advantage of leverage to amplify your position and increase your exposure to Trump’s election result.
- Advanced Risk Management: Use tools like stop-loss and take-profit orders to protect your positions and manage potential risks in this high-stakes political market.
- Real-Time Settlement: The market is pegged to settle based on the outcome of the election, providing a clear and transparent way to trade on narrative-driven events.
How to Get Started
- Visit the dYdX Platform: Head over to the Trump market page at dYdX.
- Connect Your Wallet: You’ll need to connect your wallet and deposit USDC to fund your account.
- Place Your Trade: Decide whether to go long (Trump wins) or short (Trump loses), depending on your expectations of the election outcome.
New to perpetual trading? The dYdX Foundation provides an educational step-by-step tutorial to help you navigate the Trump Perp Market, guiding you from wallet setup to managing your trades.
The Future of Prediction Market Perpetuals on dYdX
The Trump Prediction Market Perpetual may be just the beginning. The dYdX community has the ability to, permissionlessly via dYdX Chain governance, introduce more leveraged perpetual markets based on prediction markets for a variety of real-world events, from sports championships to global elections and beyond. As the dYdX community adds these new markets in the future, traders will have even more opportunities to participate in event-driven markets supported by dYdX’s decentralized infrastructure.
Final Thoughts: A New Frontier in Derivatives Trading
With the addition of prediction market perpetuals, dYdX is opening the door to a new type of trading experience—one that blends the fast-paced nature of real-world events with the flexibility and power of decentralized derivatives trading. Whether you’re bullish or bearish on Trump’s election prospects, dYdX gives you the tools to trade with confidence and control.
Disclaimer:Crypto-assets can be highly volatile and trading crypto-assets involves risk of loss. Investment into crypto-assets may not be regulated and may not be adequate for retail investors. Do your own research and due diligence before engaging in any activity involving crypto-assets. dYdX is not available in the U.S. or to U.S. users, as well as in other restricted jurisdictions.
About the dYdX Foundation
Legitimacy and Disclaimer
Crypto-assets can be highly volatile and trading crypto-assets involves risk of loss, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be adequate for retail investors. Do your own research and due diligence before engaging in any activity involving crypto-assets.
dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as in other restricted jurisdictions. The dYdX Foundation does not operate or participate in the operation of any component of the dYdX Chain's infrastructure.
The dYdX Foundation’s purpose is to support the current implementation and any future implementations of the dYdX protocol and to foster community-driven growth in the dYdX ecosystem.
The dYdX Chain software (including dYdX Unlimited) is open-source software to be used or implemented by any party in accordance with the applicable license. At no time should the dYdX Chain and/or its software or related components (including dYdX Unlimited) be deemed to be a product or service provided or made available in any way by the dYdX Foundation. Interactions with the dYdX Chain software (including dYdX Unlimited) or any implementation thereof are permissionless and disintermediated, subject to the terms of the applicable licenses and code. Users who interact with the dYdX Chain software, i ncluding dYdX Unlimited (or any implementations thereof) will not be interacting with the dYdX Foundation in any way whatsoever. The dYdX Foundation does not make any representations, warranties or covenants in connection with the dYdX Chain software (or any implementations and/or components thereof, including dYdX Unlimited), including (without limitation) with regard to their technical properties or performance, as well as their actual or potential usefulness or suitability for any particular purpose, and users agree to rely on the dYdX Chain software (or any implementations and/or components thereof, including dYdX Unlimited) “AS IS, WHERE IS”.
Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone. Users should conduct their own research and due diligence before making any decisions. The dYdX Foundation may alter or update any information in this post in the future at its sole discretion and assumes no obligation to publicly disclose any such change. This post is solely based on the information available to the dYdX Foundation at the time it was published and should only be read and taken into consideration at the time it was published and on the basis of the circumstances that surrounded it. The dYdX Foundation makes no guarantees of future performance and is under no obligation to undertake any of the activities contemplated herein.
Depositing into the MegaVault carries risks. Do your own research and make sure to understand the risks before depositing funds. MegaVault returns are not guaranteed and may fluctuate over time depending on multiple factors. MegaVault returns may be negative and you may lose your entire investment.The dYdX Foundation does not operate or has control over the MegaVault and has not been involved in the development, deployment and operation of any component of the dYdX Unlimited software (including the MegaVault).
Get Involved with the Community
Become a part of our journey to reshape the financial landscape
